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Navistar earnings slide as shipments drop: Navistar...

August 14, 1996

Navistar earnings slide as shipments drop: Navistar International Corp. said Wednesday third-quarter profits plunged by more than 56 percent as shipments of trucks and school buses declined. Navistar said net income for the period ended July 31 fell to $17 million, or 13 cents a share, from $39 million, or 43 cents a share, in the year-ago period. The Chicago-based company, which also makes diesel engines, said revenues contracted to $1.4 billion from $1.5 billion as truck and bus shipments dipped by 10.2 percent.